Planning Briefs

  One of the most important concepts for a pre-retiree or retiree to understand is the difference between withdrawing a set amount of money each year versus withdrawing a percentage of a portfolio’s year-end balance. Are you going to be annually pulling out a prescribed amount from your retirement portfolio — $50,000 or $60,000, or whatever? Or are you pulling out a percentage -- four, five, six percent or more – every year. The difference between these two withdrawal approaches can make a very big difference in your retirement security and in how much you leave your children, other loved ones, and...